All Chepter of Project
All Chepter of Project
All Chepter of Project
Introduction
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1.0 Introduction
The modern management has transferred itself from a production to sale orientation
and finally marketing oriented view of business. The marketing concept is a
philosophy and like any philosophy it cannot be defined with precision. It is in fact an
attitude governing the whole management approach. To the firm’s Operations from
step to step one of the recent slogans of today's economist is 'either export or be
ruined'. They are not willing to show any other path 'between this. The present export
pattern of Bangladesh has changed. According to the above slogan, now eight
commodities have taken the position of 93% of the export earnings and ready-made
garment is one of those. Major products of Bangladesh Ready-made Garment industry
for export marketing are woven shirts, trousers; Jackets J-shirt, short briefs and major
Buyers of Bangladesh Garment are the USA, EEC, Canada and other European
Countries. The export of earning from garment sector increased steadily from a
meager amount of US$ 3.24 million in 1980-81 to U: S$ 1064.00 million in 1991-92
and to US$ 1240.48 million during the fiscal year ended June in. 1991-92 and US$
1310 million in 1992-93 fiscal years. The contribution of this sector to the total
national export earnings increased from 0.40% in 1980-81 to 69.41% in the year
1992-2007. M.M. Knitwear Ltd is one of the important garments in Bangladesh. It is
100% export oriented garment factory. It is determined to build long term customer
relationship with its foreign clients. It tries to maintain better qualify. Garment
industry is a substantial proportion of the industrial sector of Bangladesh. By
comparing with other industrial sectors of Bangladesh, this specific industry plays a
vital role in the economy of our country .To meet up the growing need of skilled and
eligible managerial manpower of different organizations in the country.
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MIST has established the MBA (Bachelor of Business Administration) program. The
objective of the MBA program is to equip individuals to develop the specific skills
and judgments required for effective executives. The internship course is an
indispensable part of the MBA program. Under the course the students were sent to
gathering this knowledge, I was assigned M.M. Knitwear Ltd department on
merchandising.
This Internship is essential for every student of Business Administration which helps
the students to know the real life situation of corporate life. That is why; a student
takes the Internship program at the end of the MBA program as the requirement to
Bachelors degree.
This Internship report title “Merchandising System of knitting composite Garment
Factory-A Case of Case of M.M. Knitwear Ltd.” is prepared to fulfill the degree
requirement of BBA program.
I have prepared this report on the basis of my practical observations on the day-by-
day working of the organization and under the close supervision of my supervisor,
Mohammad Salim Hossain (Asst. Professor & Head), Department of MBA Model
Institute of Science and Technology (MIST) Gazipur-1700
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Figure 1.1: M.M. Knitwear Ltd. Factory in Ambag, Konabari, Gazipur.
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convince shoppers to buy the products he or she is selling. It is usually more than just
setting products on a shelf and hoping that they are purchased.
So Merchandising is:
Merchandisers work very closely with Buyers and determine range of goods to be
sold
When to buy them
Their price
How they will be presented
Merchandiser responsible for range of merchandise, contents, price and give
policy guidelines to Buyer
Merchandiser could be responsible for promotion, display, sales forecast and
stock levels
1.5.3 Objects of Merchandising:
Merchandising denotes all the planned activities to execute and dispatch the
merchandise on time, taking into consideration of the 4 Rs to replenish the customer.
Following the main objective of merchandising
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Early warning system on the basis of time and action plan.
Fabric requirement calculation.
Accessories requirement calculation as per PO
Auto generation of requirement for lab dip, yarn dip and strike off depending
of fabric which may be customized for repeat order.
Follow up for lab dip , yarn dip and strike off at a glance,
Supply order for fabric and accessories to local of foreign supplier.
B/B LC open request to commercial department.
Receiving loan of fabric and accessories from other PO.
Giving loan of fabric and accessories from other PO.
Line allocation request to production dept.
Give sub-contract rate for the PO.
Merchandiser can get online fabric & accessories stock status.
Merchandiser can get online production status.
Shipping request to commercial dept.
Maintain buyer AQL and factory evaluation by the buyer.
Buyer’s final inspection before EX-factory.
Closing summery of an order.
1.5.5 Types of Merchandiser:
Generally there are two types of merchandiser.
Assistant Merchandise/Junior Merchandiser
Train Merchandiser/Merchandiser executive.
Senior Merchandiser/ Merchandiser Manager.
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Sample development C) Materials Sourcing
Accessories In house D) Accessories Booking.
Arrange pre-production Meeting. E) Monitoring the activities
Target Setting. F) Communication with the
shipping line
Follow up Bulk production.
Collect daily production report
Arrange final Inspection.
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accompanying buyers on visits to manufacturers to appreciate production
processes;
Meeting with suppliers and managing the distribution of stock, by negotiating
cost prices, ordering stock, agreeing timescales and delivery dates, and
completing the necessary paperwork;
Identifying production and supply difficulties and dealing with any problems
or delays as they arise;
Managing, training and supervising junior staff.
1.5.10 Planning:
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Though the merchandisers may not be directly involved in the actual purchase of
merchandise, they formulate the policies for the areas in which they are responsible.
Forecasting sales for the forthcoming budget period is required and this involves
estimating consumer demand and the impact of changes in the retail environment. The
sales forecasts are then translated into budgets to help the buyers work within the
financial guidelines.
1.5.11 Directing:
Guiding and training buyers as and when the need arises is also function of the
merchandiser. Many a times, the buyers have to be guided to take additional
markdowns for products which may not be doing to well in the stores. Inspiring
commitment and performance in the part of the buyers is necessary.
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tasks, output capacity, no. of pieces to be produced daily, substitute arrangements,
time availability, supply time, scheduling critical ratio, etc.
1.5.17Conclusion
Apart from the above mention procedures, merchandiser has to assign subordinates to
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help him in the order execution, and direct the procedures. He has to revise his
knowledge from time-to-time to know current market trends. To record preferences
for all the planned activities, use daily or time log systems.
The Merchandiser should find out exact reasons for time consumption. It is necessary
to keep record of time value and keeping it safe, as it is going to be shared with
concerned parties/buyers. It is certain that merchandising jobs need huge time
planning.
1.5.18Merchandising,Calender,Activities,Task-Timing/
Relationship/Depertment Responsible:
Merchandising Calendar
Activities-Tasks-Timing/Relationship/Department Responsible
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will be analyzing after the line
new trends, seeing assortment has
what is available, been planned and
talking to store Before fabric
employees to yardage is
determine what ordered. This
customers are takes two weeks.
buying. At this
time, discussions
and decisions will
be made on fabrics,
trims and
merchandising
directions.
Order prototype Merchandising and Merchandising Merchandising and
yardage Design department and Design Design
heads work as a department heads
team to order work as a team to
prototype fabric that order prototype
will be used to fabric that will be
make the first used to make the
samples. first samples, after
they have shopped
the retail and
fabric markets and
before the yardage
is tested. This
takes one week to
order. Delivery
depends on where
the fabric is
sourced from.
Test Prototype Merchandising and Merchandising Merchandising and
yardage Design department and Design Design
heads work as a department heads
team to test work as a team to
prototype yardage. test prototype
This is done to yardage after the
determine if the yardage arrives at
fabric likes to suit their office while
the purpose of the concept boards
making the styles are being created.
for the line. Fabric This takes up to
will be washed, three weeks.
stretched, and tested
for shrinkage.
Plan Concept Merchandising and Merchandising Merchandising and
Boards Design department and Design Design
heads work as a department heads
team to plan work as a team to
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concept boards. At plan concept
this time, boards while the
considering the prototype fabric is
proposed fabric, tested and before
styles, and line, the the line is adopted.
concept of this line It takes three
is recorded on a weeks.
concept board to be
used while this line
is being developed.
Line Adoption Merchandising and Merchandising Merchandising and
Design department and Design Design
heads work as a department heads
team to adopt the work as a team to
line. Considering adopt the line after
the fabric that is the concept boards
chosen, the styles is planned and
and the assortment, before the
the departments advertising
adopt the line that concepts are
will be featured that finalized. This
season. takes three weeks.
Establish Merchandising and Merchandising Merchandising and
Advertising Design department and Design Design
Concepts
heads work as a department heads
team to establish work as a team to
advertising establish
concepts. At this advertising
time, an advertising concepts after the
may, or may not, be line is adopted and
called in to see the before the initial
new line and fabric selection.
develop a plan. The This takes two
company may have weeks.
an in house
advertising
department.
Initial Fabric Merchandising and Merchandising Merchandising and
Selection Design department and Design Design
heads work as a department heads
team to department work as a team to
heads work as a department heads
team select the work as a team
fabric. Using the select the fabric
information from after the
the fabric testing, advertising
and taking into concepts have
consideration the been determined
mood board and the and before the
advertising plans, colors are
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the departments finalized. This
select the fabric that takes two weeks.
will be used in the
line.
Order fabric and Merchandising and Merchandising Merchandising and
trims sample cuts Design department and Design Design
heads work as a department heads
team to order the work as a team to
fabric and trims order the fabric
needed to produce and trims needed
the first samples. to produce the first
samples while the
colors are
finalized and
before the style
development is
finalized. This
takes two weeks
and, depending on
where the goods
are ordered from,
the time varies for
delivery.
Style Development Merchandising and Merchandising Merchandising and
Design department and Design Design
heads work as a department heads
team to put the work as a team to
finishing touches on put the finishing
the style, and touches on the
develop the styles style, and develop
into garments. the styles into
garments after
fabric is ordered
for the samples
and before the
spec sheets and
engineering occur.
This takes four
weeks.
Spec Sheets and Merchandising, Merchandising, Merchandising, Spec
Engineering Spec and Design Spec and Design and Design
Evaluations
department heads department heads
work as a team to work as a team to
produce the produce the
spec sheets and spec sheets and
engineering engineering
evaluations on each evaluations on
style in the line. each style in the
The garments are line after the styles
measured and the are developed and
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construction is before pre-costing.
planned. This takes two
weeks.
Pre-costing Merchandising, Merchandising, Merchandising,
Costing, and Design Costing and Costing and Design
department heads Design department
work as a team to heads work as a
pre-cost the team to pre-cost
garments in the line. the garments in
At this time, the line after the
adjustments can be spec sheets and
made in the styling engineering
to respond to the evaluations are
costing. completed and
before the final
line adoption. This
takes three weeks.
Final Line Merchandising, Merchandising, Merchandising,
Adoption Management and Management and Management and
Design department Design department Design
heads work as a heads work as a
team to finalize the team to finalize
line. Management the line after pre-
approves the final costing and before
line. advance
breakdown to
manufacturing.
This takes one
week.
Complete Merchandising, Merchandising, Merchandising,
advertising Advertising, Sales, Advertising, Sales, Advertising, Sales,
garments
and Design and Design and Design
Department heads department heads
work as a team to work as a team to
complete the complete the
advertising plans advertising plans
for the garments. for the garments
Many times the after the
plan begins at this advertising agency
time. review and before
the complete final
costing. This takes
two weeks.
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costing for each complete final
garment in the line. costing for each
Sometimes garment in the line
adjustments are during the time the
made at this time. advertising is
complete and
before the sales
plan is
Complete. This
takes three weeks.
Sales Plan Merchandising and Merchandising Merchandising and
Sales department and Sales Sales
heads work as a department heads
team to work as a team to
Complete a sales Complete a sales
plan. Stores and plan after the
markets are targeted complete final
for sales. costing and before
the samples are
shipped to the
sales reps. This
takes one week,
and it sales can
start to ship after
some of the plan is
put into place.
Merchandising Merchandising and Merchandising Merchandising and
Sales Meeting Sales departments and Sales Sales
meet and discuss departments meet
sales strategies and and discuss sales
progress. strategies and
progress after the
samples are
shipped to sales
reps and before
the review of top
accounts. This
takes one week.
Review with Top Merchandising and Merchandising Merchandising and
Accounts/Prospects Sales departments and Sales Sales
present the line to departments
top accounts and present the line to
top prospects. top accounts and
top prospects after
the merchandising
sales meeting and
before the initial
sales forecast.
This takes two
weeks.
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Initial Sales Merchandising and Merchandising Merchandising and
Forecast Sales departments and Sales Sales
determine the initial departments
sales forecast based determine the
on past sales, initial sales
meeting with top forecast based on
accounts, and past sales, meeting
meeting with sales with top accounts,
reps. and meeting with
sales reps after the
review with top
accounts and
before, or during,
establishing the
manufacturing
schedule. This
takes one week.
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Chapter - Two
An Overview of
M.M. Knitwear Limited
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2.1 Organizational Structure:-
Chairman &
Managing
Director
Director
General
Manager
Merchandisin Managemen
g& t
Marketing
GM GM
(Knitting (Woven
)
)
Senior
Merchandiser
Merchandiser
Jr.
Merchandiser Figure 2.1: Organizational structure
2.2 BoardAsst.
of directors
Merchandiser
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Designation Name
Chairman Md. Mofizul Islam
Md. Maidul Islam
Directors
Md. Mamunur Rashid
Md. Nurul Islam
General Manager (GM)
Md. Mohsin Ahmed. (dying)
Factory Manager Md. Monirul Islam
Merchandising Manager Md. Abdul Hye Chanchal
Accounts Manager Md. Abdul Haque
Admin Manager Md. Mamunur Rashid
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Item of products : T-Shirts, Polo Shirts,
Tanktops,Sweater
Shirts, Night Wears, Jogging
Suit, Under-wears, Trousers Etc
List of Machinery
Circular Knitting Machine : Tayu : 05 Nos.
Circular Knitting Machine : Jiunnlong : 22 Nos.
Rib/Interlock : Jiunnlong/ Tayu : 12 Nos.
Single Jersey : Fukuhara : 06 Nos.
Flat knit machine : China (around star int.com ltd.) : 17 Nos.
Total : 62 Nos.
Dying Machinery
Dilmenler (Turkey) : Cap 11000 Kgs. : 11 Nos.
Flying Yang (China) : Cap 30 Kgs. : 03 Nos.
Finishing Machinery
Relax Dryer (Tube) Turkey : Dilmenler : 01 Nos.
Relax Dryer (Open) : Dilmenler : 01Nos.
Turkey Squeezer ( Turkey) : Mersan : 02 Nos.
Steam Setting (Korea) : Dong Nam : 02 Nos.
Compactor (USA) : Tube-Tex : 02 Nos.
Compactor (Open width) : Dilmenler : 01 Nos.
Turkey : Dilmenler : 01 Nos.
Turning machine : Dong nam : 01 Nos.
Turning machine Slitting (Turkey) : Dilmenler : 01 Nos.
Total :26 Nos
Plain Machine:
Auto Trimmer Plain Machine (Brother) : 356 Sets
Button Hole Machine ( Brother ) : 07 Sets
Button Stitch Machine ( Brother ) : 07Sets
Bar tuck Machine ( Brother ) : 02 Sets
Snap Button : 05 Sets
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Over lock:
Over Lock Marching (Pagasus) :250 Sets
PMD (Kansai) : 03 Sets
Flat Lock:
Automatic Fabric & Thread Trimmer (Pagasus) :142 Sets
Others Machinery:
Auto Cad : 01 Set
Cutting Machine (Rm) : 12 Sets
Rib Cutting Machine (Brother) : 06 Sets
Fusing Marching (Brother) : 01 Sets
Mini Spotty Machine (Brother) : 06 Sets
Metal Detector Machine (Brother) : 03 Sets
Strapping Machine (Brother) : 10 Sets
Cloth Inspection Machine (Brother) : 04 Sets
Thread Winding Machine (Brother) : 06 Sets
Total : 49 Sets
Lab Section:
Gretag Macbeth (USA) : 01 Set
Lab Dip Machine (Taiwan) : 03 Sets
Washing Machine (Italy) : 02 Sets
Dyer Machine (UK) : 01 Set
Light Box (UK) : 02 Sets
Embroidery & Printing Section:
Barudan (Japan) : BENSH-YN/YS-XG920 : 02 Sets
Tajima (Japan) : TMEG- XG624 : 01 Set
Profit (China) : KSH-9.20A-XG920 : 02 Sets
Single Plate Heat Press Machine (China) : 02 Sets
Double Station Heat Press Machine : 01 Set
(Bangladesh)
Conveyer Dryer (Bangladesh) : 16 Feet : 01 Set
Power and Utility:
Generator 900 & 500 KW (USA) : Waukesha : 02 Sets
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Boiler 6 Ton (Korea) : Delim : 02Sets
Compressor (Spain) : Air Roll : 02 Sets
Generator 508 KW : Welland Power : 01 Set
Bank Details:
United Commercial Bank Limited
Bangshal Branch, DHAKA-1000
BANGLADESH
BANK LIMIT = TK. 10.00 CRORE
Logo of company:
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2.5 Company address
Corporate Head Quarter: Factory:
Road#10, House #16(3rd Floor),Sector#1, M.M. Knitwear Ltd.
Uttara, Dhaka- 1230, Bangladesh Ambag, Konabari,
Tel: 0088-02-8921471 Fax No: 0088-02-8922483 Gazipur, Bangladesh
E-mail: [email protected] Tel: +88-02-9297137
Web: [email protected] Web: www.mmknitwear.com
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Figure 2.2: Some products of M.M. Knitwear Ltd.
2.9 Merchandising
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M.M. Knitwear Ltd. merchandising and marketing team maintain direct interface with
the manufacturing units in order to communication gap in the execution and
production stage. Each merchandiser is assigned and dedicated to specific customer
account. They follow each customer account from the inception stage of product
development for the final shipment. Merchandisers are used to monitor daily work
progress through using interned and others sophisticated machine.
2.13 Transportation
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The company uses its own transportation facilities for the export the finish products
and import of the raw materials form aboard and other various purposes. The
company needs more transportation for the various purpose and right time delivery of
the products.
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M.M. Knitwear Ltd. has set up / invested considerable amount in Water Treatment
Plant (WTP) so that the industrial waste produced from our dyeing mill and washing
plant can be cleaned from hazardous chemicals before draining it out from the factory.
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information about the products and manufacturing phase of those products and finally
how to sales the customers.
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value adding actions. Today’s garment merchandisers have to move with frequent
changes in demand and the developing technologies utilized in manufacturing and
production. To find out customer requirements, they regularly visit retail outlets, and
come up with latest updates from frontline staff. In garment merchandising, there is
no specific rule, so it’s important to be able to think on one’s feet. The main
procedures of merchandisers are as followed:
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tasks, output capacity, no of pieces to be produce daily, substitute arrangements, time
availability , supply time, scheduling critical ratio etc.
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for all the planned activities, use daily or time log systems. The merchandiser should
find out exact reasons for time consumption. It is necessary to keep record of time
value and keeping it safe, as it is going to be shared with concerned parties/ buyers. It
is certain that merchandising jobs need huge time planning.
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2.20 Sequence of sample
Name of Sampling-
1st Pattern
2nd Pattern
Counter Sample
Sales Man Sample
PHOTO Sample
Approval Sample (Size Set, Mock-up)
Pre-production Sample
Production Sample
Shipping Sample
2.20.1 First pattern
First physical version of any garment as per the art work is done by designer or
developer.
HUMAN MIND > SKETCH > PAPER PATTERN > SAMPLE
Purpose: See the DESIGN work & test the FITTING
Status: Nothing specific
Material: Available
Price: Not conformed
Quantity: 1 (for customer) + 1 (for Merchandiser)
Delivery: As per URENGECY
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2.20.3 Counter sample
Where first pattern is made on designers art work, counter sample is to make not on
designer’s art work, has to follow another sample given by the merchandiser.
Purpose: See the workmanship & test the factory skill
Status: Nothing specific
Material: Available
Price: Not conformed
Quantity: 1 (for customer) + 1 (for self keeping)
Delivery: As per request
2.20.4 Sales man sample
Sample is made when price is confirmed and orders are on speculation, usually in L
size in all color combinations of expected order. Buyer arranges a meeting with its
customer and records their response on order quantity per color, size etc. and finally
place order to their vendor.
Purpose: Sales Meeting by Retailers, Market Appraisal, Demand / Order forecast
Status: Final stage of the order confirmation
Material: Actual
Price: Confirmed
Quantity: There is minimum quantity per color combination
Delivery: Very important to meet the delivery date.
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2.20.6 Approval sample
In any discrete period of time, whenever it required any revision in the sample, a new
sample is made (sometimes mock-up is workable too) as per new specification. It is
sent to buyer for his approval of the conformity that- the revision is done correctly.
2.20.7 Size set
In size set, consists of 1 piece from each size for each color combination.
2.20.8 Mock up
Any part of the garment to make for particular purpose, not complete garment.
Sometimes it is necessary to send to the buyer any part of the garments, such as
sleeve, collar, neck etc and some accessories (given below some accessories).
Fig 2.6: Plain tapes fig 2.7: zippers fig 2.8: belt buckles
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2.21 Swatch
Swatch is a presentation of all the materials is (Fabric & Accessories) used for any
specific style/ order. Usually small piece of fabric and each piece of accessories are
attached in board paper in a systematic manner. Swatch is very important for
production line to make the correct construction of a garment and QC department
ensures it. Concerned merchandiser should confirm/approve the swatch.
Zipper
Button Tag Pin Poly Bag Back board
Fastener
Sewing
Elastic Plastic Clip Scotch Tape Tissue
Thread
Main Label
Eyelet Sticker Gum Tape Carton
Size Label
Care Label
Hang Tags Hanger Photo Board Etc.
Flag Label
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Table 2.3: Types of Trims
Fig 2.2.1: Elastic Fig 2.2.2: Sewing Thread Fig 2.2.3: Tags
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Lab-Dip
Approval the Lab-Dip
Collect price Quotation
Negotiation
P.I. Received
Back to Back L/C transfer
Delivery Chelan received
2.27 Procedures of imported goods
Procure of IRC
Price Inquiry (Quotation )
P.I. Received and Placing Order
L/C Opening
Received Shipping Advice
Facing Customs
Closing Transaction
2.28 How does the accept order is passed on the floor
Merchandiser searches the scope of knitting machine according to
gauge.
Make production schedule
Trim & Accessories Card Prepare
Make well finishing according to buyer requirement in case of
(Labeling Zippering, Buttoning, Ironing, Packaging, Cartooning)
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2.30.2 Background of the Study
In the without the practical knowledge, theoretical knowledge is valueless. From this
point of BBA department has introduced an internship program with a view to
achieve practical Department of BBA Model Institute of Science and Technology
(MIST) Gazipur-1700, knowledge associate with the different fields of business. So
after academic education this internship program wills great opportunity for me to see
the real business world, acquire practical knowledge and to be a smarter world
business professional. I am very much grateful to the authority of M.M. Knitwear
Limited for giving me the opportunity of doing my internship in this organization
under the supervision of Md. Abdul Hye Merchandiser Manager of M.M. Knitwear
Limited of Bangladesh.
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To identify the factors those are responsible for the effective merchandising
system.
To find out, why they are responsible.
Leadership & technology.
Communication with buyer.
To identify the tools of management that helps the merchandisers to make the
organization more effective.
2.30.5 Methodology
The internship report plays a good role for me of Bachelor of Business
Administration, because that gives somehow practical experience to implementation
of the theoretical knowledge.
Types of research: This research is known as an exploratory research.
Population: The population of this research project has defined as follow:
Elements: All types of Buyer who are involved with pesticide products selling
and distributing.
Sampling units : Buyers and Seller.
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Extent: Different areas of our country such as Dhaka (some part),
Narayangong (some part), Gazipur (some part).
Time: 15 December to 1st March 2015.
Sampling Frame: The sample frame of this study has been consisted from
buying house and different garments companies through Gazipur. They are the
sampling frame of research project. Here I have been selected 6 buying house
and different garments companies from different area of our Gazipur.
Sample size:
To conduct this research the sample size was calculated by the following
formula:
n = (Z2 * pq)/ e2
Here, n = sample size =50
Sampling procedure
Among probabilistic sampling methods, simple random sampling procedure
has been used in order to select sampling units from population.
Data collection process: The data of this study has been collected through
questionnaire interview.
Secondary data sources:
Journals
Website
2.30.6 Scope
It’s the time to learn something in practically.
Build up communication skill with each other.
Observation of work
Scope to learn how to negotiate
Scope to learn of work procedure
2.30.7 Limitations
Limitations, I had to face on preparing the report is portrayed below:
High cost.
Sometime may be they will not co-operative with me, so that
time I have to learn on oneself.
Their perceptions and acceptance.
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Sometime I need to wait a long time for a simple question,
because of their busyness.
Some responsible people are not more cooperative with me.
Library is so far from my residence.
Chapter -
Three
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3.1 SWOT Analysis:
Full meaning of SWOT is Strength, Weakness, Opportunity and Threats. Strengths
and weaknesses are influenced by organizations internal environment and
opportunities and threats are influenced by organizations external environment.
SWOT analysis provides an opinion and judgment whether an organization’s business
condition is healthy or unhealthy. Strength determines how well the company would
be able to perform in the light of prevailing resources and competitive condition
weaknesses determines lacking or different competitive capabilities in the key
functional areas of the company. Opportunity of the company determines company’s
important avenues for profitable growth potential utility to sustain in the competitive
advantage. Threats determine barriers to companies’ profitability and competitive
well being.
3.2Strength
The management is solely directed to maintain a culture for the betterment of
the quality of the service.
Employees are sharing good atmosphere in M.M. Knitwear Ltd. That is why it
will give them the inspiration to work efficiently.
The top level management is very strong. They can take decision on time and
manage all things in systematic way.
The labor forces of the company are cheap and readily available.
3.3 Weakness
Lack of marketing tactics
The country is deficient in creativity
Absence of easily on-hand middle management
A small number of manufacturing methods
Low acquiescence: there is an international pressure group to compel the local
producers and the government to implement social acquiescence.
The US GSP may be cancelled and purchasing from US & EU may decrease
significantly
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M/c advancement is necessary. The machinery required to assess add on a
garment or increase competence are missing in most industries.
Lack of training organizations for industrial workers, supervisors and
managers.
Autocratic approach of nearly all the investors
Fewer process units for textiles and garments
Sluggish backward or forward blending procedure
Competent ports, entry/exit complicated and loading/unloading takes much
time
Speed money culture
Time-consuming custom clearance
Unreliable dependability regarding Delivery/QA/Product knowledge
Communication gap created by incomplete knowledge of English
Subject to natural calamities
3.4 Opportunity
EU is willing to establish industry in a big way as an option to china
particularly for knits.
Bangladesh is included in the Least Developed Countries with which US is
committed to enhance export trade
Knitwear are very economical even with china and is the prospect for
Bangladesh
If skilled technicians are available to instruct, prearranged garment is an
option because labor and energy cost are inexpensive.
Foundation garment for Ladies for the FDI promise is significant because
both, the technicians and highly developed machinery are essential for better
competence and output
3.5 Threat
The exporters have to prepare themselves to harvest the advantages offered by
the opportunities.
Key competitors of M.M. Knitwear Ltd are offering competitive price than
M.M. Knitwear Ltd which caused major threats to affect company business
policy.
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Foreign low cost competitors who are investing in the country in this sector
are also threats for M.M. Knitwear Ltd.
3.6 Hypothesis Development & Testing
H1. Effective management skill will increase more buyers.
H2. Effective merchandiser tactics will enhance more orders.
H3. Eco-friendly environment will enlarge number of buyers.
H4. Quality garments will increase number of buyers.
H5. Appropriate merchandising order-follow-up system will increase more
H6. Better communication will increase number of customers.
H7. Providing competitive price will increase more buyers.
H1 H2 H3 H4 H5 H6 H7
1= Strongly disagree 1 0 2 3 2 4 1
2= Disagree 1 0 5 2 4 4 2
3= Neither agree nor
disagree 7 9 9 9 10 9 11
4= Agree 19 16 22 17 20 14 18
5= Strongly Agree 22 25 12 19 14 19 18
01. HO: Effective management skill will not increase more buyers.
HA: Effective management skill will increase more buyers.
HO: μ = 2.51
HA: μ > 2.5
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N = 50
Here X̅= 4.2
σ = 0.91
Zcal = (X̅– μ)/ (σ/√n) = 13.36
At 5% level of significance, follows Z distribution Z0.05. = 1.645
Since Z cal>Ztab, the null hypothesis is not acceptable. So at 5% level of significance, it
can be said that, Effective management skill will increase more buyers.
*1------In 5 point scale is 2.5.
From this study it is revealed that 38% respondents are agree ,44% respondents are
strongly agree , 14% respondents are neither agree nor disagree , 2% respondents are
disagree, another 2% respondents are strongly disagree with effective management
skill will not increase more buyers.
02. HO: Effective merchandiser tactics will not enhance more orders.
HA: Effective merchandiser tactics will enhance more orders.
HO: μ = 2.5
HA: μ > 2.5
N = 50
Here X̅= 4.32
σ = 0.77
Z cal= (X̅ – μ)/ (σ/√n) = 16.71
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At 5% level of significance, follows Z distribution Z0.05= 1.645
Since Z cal > Z tab, the null hypothesis is not acceptable. So at 5% level of significance,
it can be said that Effective merchandiser tactics will enhance more orders.
From this study it is revealed that 32% respondents are agree ,50% respondents are
strongly agree ,18% respondents are neither agree nor disagree ,0% respondents are
disagree and strongly disagree with effective merchandiser tactics will enhance
more orders.
03 HO: Eco- friendly environment will not increase number of buyers.
HA: Eco- friendly environment will increase number of buyers.
HO: μ = 2.5
HA: μ > 2.5
N = 50
Here X̅ = 3.74
σ = 1.06
Z cal= (X̅ – μ)/ (σ/√n) = 8.2
At 5% level of significance, follows Z distribution Z0.05= 1.645
Since Z cal>Z tab, the null hypothesis is not acceptable. So at 5% level of significance,
it can be said that Eco- friendly environment will increase number of buyers.
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Respondents view towards Eco- friendly environment.
From this study it is revealed that 44% respondents are agree ,24% respondents are
strongly agree ,18% respondents are neither agree nor disagree ,10% respondents are
disagree, another 4% respondents are strongly disagree with Eco- friendly
environment will increase number of buyers.
04. HO: Quality garments will not increase number of buyers.
HA: Quality garments will increase number of buyers.
HO: μ = 2.5
HA: μ > 2.5
N = 50
Here X̅ = 3.94
σ = 1.13
Z cal= (X̅ – μ)/ (σ/√n) = 9.01
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Respondents’ view towards Quality garments.
From this study it is revealed that 34% respondents are agree ,38% respondents are
strongly agree ,18% respondents are neither agree nor disagree ,4% respondents are
disagree, another 6% respondents are strongly disagree with Quality garments will
increase number of buyers.
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Respondent’s view towards order follow-up system.
From this study it is revealed that 40% respondents are agree ,28% respondents are
strongly agree ,20% respondents are neither agree nor disagree ,8% respondents are
disagree, another 4% respondents are strongly disagree with appropriate
merchandising order-follow-up system will increase more buyers.
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Respondent’ view towards better communication.
From this study it is revealed that 28% respondents are agree ,38% respondents are
strongly agree ,18% respondents are neither agree nor disagree ,8% respondents are
disagree, another 8% respondents are strongly disagree with better communication
will increase number of customer.
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Respondents view towards competitive price.
From this study it is revealed that 36% respondents are agree ,36% respondents are
strongly agree ,22% respondents are neither agree nor disagree ,4% respondents are
disagree, another 2% respondents are strongly disagree with Providing competitive
price will increase more buyers.
3.7 Evaluation
We can evaluate from the up above discussion it has some powerful strength, and lack
full weakness, and it has some looking full opportunity and it has no challenging
threats. The merchandising section is the most vital department of the company.
M.M. Knitwear Limited provides training facility for their employees.
The company’s service ensures that the appropriate suppliers are being selected and
that quality specifications are understood and being meet. This could include
evaluation of the following aspects:
Compliance to social code-of-conduct standards:
Management & human resources
House keeping
Working conditions
Quality control system
Production capacity
Manufacturing process
Equipment calibration Internal training & auditing
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Chapter - Four
FINDINGS,
RECOMMENDATIONS
&
CONCLUSIONS
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4.1 Findings
Merchandising department of M.M. Knitwear Ltd well experienced but I have got
some findings during my internship period when I worked with merchandising
department. These findings are as follows-
They are technically sound enough but their management skill not up to the mark.
There have some lacking on effective merchandiser tactics.
Their environment is not Eco-friendly.
They are not maintaining appropriate way of order-follow-up system.
There have some communication gap.
Sometimes they are not providing accurate price to the buyers.
4.2 Recommendations
I would like to recommend on the following areas that’s should be help to achieve the
goals of M.M. Knitwear Ltd Generally I will give concentration on merchandising
activities of M.M. Knitwear Ltd.
They need to stabilize useful management skill to increase more buyers.
Merchandiser should present tactics for more orders.
To create Eco- friendly environment to increase number of buyers. Because
customer retention is more important than customer attraction.
To ensure its-“right people for the right place” for quality garments. Because it
helps to make long term relation with buyers and to increase number of buyers.
Most of time, Merchandiser arrange other necessary accessories according to
exact buyer requirement. For this reason they did not get enough time to maintain
proper order-follow-up system. They should maintain right line of attack of
order- follow-system to increase more buyers.
Build a sound relation with marketing department to others department and must
also with the buyers by email, fax, and other else to increase number of buyers.
They should suggest best price to the buyer to increase more orders. Because
buyer have to consider the best price in the time of price negotiation.
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4.3 Conclusion
In conclusion I can say that, the MERCHANDISING Department of M.M.
Knitwear Ltd. gives me a pleasure to learn the Merchandising activities properly.
From this department, I have learned practical knowledge about
merchandiser. A merchandiser has to perform the activities from preliminary to
end of the order.
Today’s organization demands that the Merchandising management
function deliver a valuable side of earning foreign currency and take part a vital
role to communicate with international business. The experienced
merchandisers are always demandable in every country. It may an honorable
professional for educated persons. For developing garment sector merchandising
management system will have to focuses on modern system. Management of
merchandising is a big job and is a complex one.
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Bibliography:
2. Frank K. Reilly & Keith C. Brown, Investment Analysis and Portfolio Management,
(8th Edition),Thomson South-Western 2007-08.
3. P. N. Varshney, Banking Law and Practice, 21st Edition, Sultan Chand & Sons 2006.
6. Http://www.mmknitwear.com
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